Trump Names US as Future Cryptocurrency Capital of the World at Digital Assets Summit

• Trump aims to transform the US into the global cryptocurrency capital.
• Proposed legislation on stablecoins and Bitcoin strategic reserve.
• Mixed reaction from cryptocurrency community to US policies.

US President Donald Trump made a special appearance at the Digital Asset Summit in New York City via a pre-recorded video broadcast at 10:40 AM ET, highlighting the US’s drive to become the new global superpower in the cryptocurrency space. At the event, Trump declared his intention to transform the US into the “Bitcoin and cryptocurrency capital of the world,” marking a historic moment as the first sitting president to address a cryptocurrency conference.

During the Blockworks Digital Asset Summit, held on March 20, Trump reinforced the US government’s commitment to taking decisive steps to consolidate the US as a global leader in the cryptocurrency market. He praised recent regulatory advances compared to the previous administration and highlighted the importance of innovation in the financial sector:

“Pioneers like you will be able to improve our banking and payments system and promote greater privacy, safety, security, and wealth for American consumers and businesses. You will unleash an explosion of economic growth.”

Additionally, Trump highlighted the role of dollar-backed stablecoins as crucial tools to extend the influence of the US dollar globally. He also pushed Congress to pass “historic” legislation to regulate this market and proposed the creation of a Strategic Bitcoin Reserve to maximize US reserves and prevent rash sell-off decisions.

This move was supported by Bo Hines, Executive Director of the President's Council of Advisors on Digital Assets, who compared Bitcoin to digital gold, reinforcing the government's strategic interest in accumulating the cryptocurrency.

The New York summit also brought together key industry figures such as Michael Saylor and Brad Garlinghouse, but it was Trump's speech that captured the main attention, with no other significant announcements.

Earlier in March, Trump had already held the first White House Cryptocurrency Summit, bringing together industry leaders to discuss the future of regulatory policies. Treasury Secretary Scott Bessent said at the time that the US would focus on stablecoins to ensure the dollar remains the global reserve currency.

The government's initiative has generated mixed reactions within the cryptocurrency community, with institutional investors seeing the summit as a positive step for the sector, while others criticized the event for promoting only government-regulated interests.

At the time of publication, the price of BTC was quoted at US$83.969,17 with a drop of 1,7% in the last 24 hours.